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Analytical Standards Market - Industry Dynamics, Market Size, and Opportunity Forecast to 2031

Global Analytical Standards Market: By Category (Organic and Inorganic), Technique (Chromatography, Spectroscopy and Titrimetry), Method (Material Testing, Bioanalytical and Dissolution), Application (Pharmaceutical, Food & Beverages, Forensics and Environmental), Region—Competition, Forecast & Opportunities Until 2031

  • Published Date: Apr-2023  |   Format: pdfpowerpointexcel  |  Report ID: AA0921093  | Delivery: 2 to 4 Hours
Analytical Standards Market

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Report AttributeDetails
Market Size Value in 2022US$ 1,620.4 Mn
Expected Revenue in 2031US$ 2,837.1 Mn
Historic Data2018-2021
Base Year2022
Forecast Period2023-2031
UnitValue (USD Mn)
Segments coveredBy Category, By Method, By Application, By Region
Key Companies                                                                     Merck KGaA, Chiron AS, LGC Standards, Waters Corporation, Agilent Technologies, Thermo Fisher Scientific, Inc., PerkinElmer, Inc., Restek Corporation, SPEX Certi Prep, Accu Standard, Inc., Mallinckrodt, US Pharmacopeial Convention, Cayman Chemical Company, RICCA Chemical Company, GFS Chemicals, Inc., Other Prominent Players
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An analytical standard is a compound of high purity and known concentration to be used as a calibration standard for a given assay.

Analytical standards market is growing at a CAGR of 6.1% over the forecast period 2023-2031.

The environment segment is estimated to account for the largest share in the analytical standard market due to growing emission of pollutants along with increased regulatory mandates related to environment.

The global analytical standards market is predicted to grow owing to the growth of the pharmaceutical and biotechnology industries globally, rising demand for packaged and processed foods, and regulatory emphasis on effective pollution monitoring and management increases.

The growth of the global analytical standards market may be restricted by a lack of public awareness about effective pollution monitoring tactics, as well as the high cost of custom analytical standards.

Asia Pacific is growing at the highest CAGR of about 7.1% during 2023- 2031.

The global analytical standard market is highly fragmented due to presence of global, regional, country level, as well as local players.

The report covers the following segments: category, technique, method, application and region.

Due to the use of chromatography analytical standards in the environments sector to identify the presence of harmful components in solid waste, flame retardants, and pesticides, the chromatography accounted for 44.5% of the worldwide analytical standards market in 2022.

Some key players operating in the analytical standards market are Merck KGaA, Waters Corporation, Agilent Technologies, PerkinElmer Inc., and LGC Standards.

The key strategies adopted by the market players include mergers and acquisitions, partnerships, regional expansion, and new product development.

The coronavirus outbreak has brought all production activity to a halt in key manufacturing countries such as the United States, China, Germany, the United Kingdom, India, and France, among others. This has had a significant impact on manufacturer sales and profitability, as well as a drop in overall industrial growth in key areas such as medicines, forensics, environment, and others.